MARTINE VAN DER WEE: what changed
MARTINE VAN DER WEE
Largest movements
- Cash -€146,672
down €146,672 (-94.7%), from €154,812 to €8,140
mainly Contributions, distributions and other (-€241,255) and Net result for the year (-€3,969)
- Financial fixed assets -€102,945
down €102,945 (-100.0%), from €102,951 to €6
- Tangible fixed assets +€57,625
up €57,625 (+17.9%), from €322,324 to €379,949
of which Land and buildings: +€64,727
- Contributions -€200,000
down €200,000 (-55.8%), from €358,500 to €158,500
- Other debts +€58,517
up €58,517 (+168%), from €34,828 to €93,345
- Reserves -€41,255
down €41,255 (-23.3%), from €177,001 to €135,746
of which Distributable reserves: -€41,255
- Gross operating margin -€19,762
down €19,762 (-27.3%), from €72,368 to €52,606
- Taxes -€11,050
down €11,050 (-97.7%), from €11,309 to €259
- Other operating charges +€10,701
up €10,701 (+112%), from €9,525 to €20,226
- Financial income -€7,217
down €7,217 (-78.6%), from €9,185 to €1,968
of which Financial income: -€7,217
- Depreciation +€6,579
up €6,579 (+21.4%), from €30,752 to €37,331
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €598,330 | €410,130 | -€188,200 | -31.5% |
| Fixed assets | 21/28 | €425,275 | €379,955 | -€45,320 | -10.7% |
| Tangible fixed assets | 22/27 | €322,324 | €379,949 | +€57,625 | +17.9% |
| Land and buildings | 22 | €303,782 | €368,509 | +€64,727 | +21.3% |
| Plant, machinery and equipment | 23 | €7,200 | €6,067 | -€1,133 | -15.7% |
| Furniture and vehicles | 24 | €11,342 | €5,373 | -€5,969 | -52.6% |
| Financial fixed assets | 28 | €102,951 | €6 | -€102,945 | -100.0% |
| Current assets | 29/58 | €173,055 | €30,175 | -€142,880 | -82.6% |
| Amounts receivable within one year | 40/41 | €10,173 | €10,585 | +€412 | +4.0% |
| Trade receivables | 40 | €1,907 | - | -€1,907 | |
| Other amounts receivable | 41 | €8,266 | €10,585 | +€2,319 | +28.1% |
| Cash at bank and in hand | 54/58 | €154,812 | €8,140 | -€146,672 | -94.7% |
| Deferred charges and accrued income | 490/1 | €8,070 | €11,450 | +€3,380 | +41.9% |
| Total equity and liabilities | 10/49 | €598,330 | €410,130 | -€188,200 | -31.5% |
| Equity | 10/15 | €547,903 | €302,679 | -€245,224 | -44.8% |
| Contributions | 10/11 | €358,500 | €158,500 | -€200,000 | -55.8% |
| Reserves | 13 | €177,001 | €135,746 | -€41,255 | -23.3% |
| Tax-exempt reserves | 132 | €1,905 | €1,905 | = | 0.0% |
| Distributable reserves | 133 | €175,096 | €133,841 | -€41,255 | -23.6% |
| Profit (loss) carried forward | 14 | €12,402 | €8,433 | -€3,969 | -32.0% |
| Amounts payable | 17/49 | €50,427 | €107,451 | +€57,024 | +113% |
| Amounts payable within one year | 42/48 | €48,977 | €107,451 | +€58,474 | +119% |
| Trade debts | 44 | - | €173 | +€173 | |
| Suppliers | 440/4 | - | €173 | +€173 | |
| Taxes, remuneration and social security | 45 | €14,149 | €13,933 | -€216 | -1.5% |
| Taxes | 450/3 | €14,149 | €13,933 | -€216 | -1.5% |
| Other amounts payable | 47/48 | €34,828 | €93,345 | +€58,517 | +168% |
| Accrued charges and deferred income | 492/3 | €1,450 | - | -€1,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,752 | €37,331 | +€6,579 | +21.4% |
| Other operating charges | 640/8 | €9,525 | €20,226 | +€10,701 | +112% |
| Gross operating margin | 9900 | €72,368 | €52,606 | -€19,762 | -27.3% |
| Operating profit (loss) | 9901 | €32,091 | -€4,951 | -€37,042 | |
| Financial income | 75/76B | €9,185 | €1,968 | -€7,217 | -78.6% |
| Recurring financial income | 75 | €9,185 | €1,968 | -€7,217 | -78.6% |
| Non-recurring financial income | 76B | - | €1,968 | +€1,968 | |
| Financial charges | 65/66B | €585 | €727 | +€142 | +24.3% |
| Recurring financial charges | 65 | €585 | €727 | +€142 | +24.3% |
| Non-recurring financial charges | 66B | - | €727 | +€727 | |
| Profit (loss) for the period before taxes | 9903 | €40,691 | -€3,710 | -€44,401 | |
| Income taxes | 67/77 | €11,309 | €259 | -€11,050 | -97.7% |
| Profit (loss) for the period | 9904 | €29,382 | -€3,969 | -€33,351 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,382 | -€3,969 | -€33,351 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.